Report on the ninth session of the open-ended intergovernmental working group on a legally binding instrument on transnational corporations and other business enterprises with respect to human rights (“treaty”)

From October 23 to 27, 2023, 76 states met at the United Nations (UN) Human Rights Council to negotiate an international human rights treaty to regulate companies and their value chains (also known as the “UN Treaty”). Since the UN Human Rights Council adopted Resolution 26/9 in 2014 and mandated an intergovernmental working group to draft such legally binding instrument, it has met nine times. After a slow start, the process has emerged surprisingly stronger from the ninth round of negotiations.